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Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by aca_trader What is the opinion about third touch of the lower boundry ...


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  #341  
Old 20th February 2008, 01:01 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
What is the opinion about third touch of the lower boundry or a breakout of the channel?. (The statement that beauty lies in the eyes of beholder is the truest for a chartist. )

Regards,
--Ashish
Agreed......was probably a bit premature in the entry.

Saint
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  #342  
Old 20th February 2008, 01:02 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Saint View Post
Agreed......was probably a bit premature in the entry.

Saint
I think it was pre-mature on my part to post the channel.
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  #343  
Old 20th February 2008, 01:03 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Longed at 5128.00 SL = 5188
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  #344  
Old 20th February 2008, 01:03 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
BO. Entry- 5133 , SL-5117
Ah.....great to have company at least!

Saint and I have been talking to each other for some time now.....

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  #345  
Old 20th February 2008, 01:04 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by uasish View Post
Longed at 5128.00 SL = 5188
Phew!!!Good to have you back!

Saint

[Sir,SL =5088 ,a typo error.
Asish]
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Last edited by uasish; 20th February 2008 at 01:11 PM.
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  #346  
Old 20th February 2008, 01:09 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by uasish View Post
Longed at 5128.00 SL = 5188
SL = 5088 by mistake mentioned 5188.
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  #347  
Old 20th February 2008, 01:10 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by uasish View Post
Longed at 5128.00 SL = 5188
SL 5188???!!

Saint
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Last edited by uasish; 20th February 2008 at 01:12 PM. Reason: TYPO ERROR
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  #348  
Old 20th February 2008, 01:11 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Saint,

You are an impetus to us.

Asish
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  #349  
Old 20th February 2008, 01:12 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
Further Setup:-

A gap-down(up) day will usually reverse its course if High(Low) of an hourly bar is cut. It may happen after this hourly bar.

However, a trade based upon this pattern has its SL at the Low (High) of the Entry Bar. Trailing SL is the Low (High) of subsequent Bars.

Regards,
--Ashish

N.B. :- Needs confirmation from both Underlying & Future Chart.
Highs Exceeded by 0.95 point. Was waiting for 2 Points. Ignored for the time-being.

A second push above the High by even 1 Point will trigger entry.

Regards,
--Ashish
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  #350  
Old 20th February 2008, 01:13 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Saint View Post
SL 5188???!!

Saint
Sorry,.....didn't notice.Corrected to 5088.

Great.

Saint
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